VC funding in the crypto space skyrocketed in the first half of 2025, proving investors are still betting big on crypto companies despite the market volatility and ongoing regulatory challenges. According to data presented by CryptoPresales.com, crypto companies and startups raised a whopping $9.9 billion by mid-June, already the third-highest half-year total on record.
Almost 70% of the Last-Year Total Raised in Six Months
The renewed investor confidence fueled by rising Bitcoin prices, clearer regulations, and the rapid growth of real-world asset tokenization has turned 2025 into one of the best years for fundraising on record. After a cautious 2023–2024 cycle, VCs are now racing to get in early on what many see as the next explosive wave of blockchain innovation, backing next-gen infrastructure, AI-integrated crypto tools, and Layer 2 solutions. This resulted in quite an impressive H1 funding amount, which far outpaces the figures seen last year.
In H1 2024, BC investors injected $7 billion into the crypto space, more than twice the numbers reported in the same period of 2023. By the end of the year, that figure doubled to $14 billion, turning 2024 into one of the top three years for crypto funding behind 2021 and 2022. This marked a stunning recovery from 2023’s downturn when investments plunged to just $5.6 billion.
Venture capital inflows into crypto startups remained strong in the first months of 2025. The Crunchbase data show crypto companies raised a whopping $7.1 billion in Q1, more than twice the figure reported in Q1 2024, and the third-highest quarterly figure in the market history. By mid-June, investors poured another $2 billion into the market, raising the year-to-date total to an impressive $9.9 billion. That makes 2025 one of the top years for crypto VC funding, trailing only $14.6 billion raised in H1 2022 and $13.1 billion in H1 2021.
More Money, Fewer Deals
With $9.9 billion raised in the first half of the year, the cumulative funding total now stands at $93.7 billion, nearly $17 billion more than in H1 2024. The Crunchbase data also revealed one interesting trend- while the amount of money raised in funding rounds remains high, the number of deals is falling.
In Q1 2024, crypto companies and startups saw 337 funding deals, a significant increase from 209 reported in the same quarter a year before. By Q2, deal-making peaked at 343, the highest since mid-2022. But after that, the numbers started declining.
After falling to 281 in Q3, the number of deals slumped to 199 in the year’s final quarter, and the trend continued in 2025. Statistics show crypto companies and startups saw 336 deals in six months, down from 715 in the same period a year ago, proving investors are backing larger, more established projects rather than spreading funds across many smaller ones.
